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FinancialGamblR

EURNZD Looking to Break Out of Another Key Level

Long
Euro / New Zealand Dollar (OANDA:EURNZD)  
FinancialGamblR Updated   
OANDA:EURNZD   Euro / New Zealand Dollar
Support and Resistance Candlestick Analysis Fractal EURNZD eurnzdbuy eurnzdlong eurnzdbullish euro EUR NZD breakout
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supportandresistance candlestick fractal eurnzd eurnzdbuy eurnzdlong eurnzdbullish euro eur nzd breakout
  • Major structure change is underway on this pair as price is bottoming out.
  • Current level is very minor, but significant as price is looking to push higher.
  • The previous breakout failure indicates that selling pressure remains rather weak.



[Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.]
Comment:
Price taking off on the daily time frame. Next target plotted.

snapshot
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